Medical Insurance

Do you get dropped from your parents insurance the day you graduate from college or is there a grace period to allow you to get insurance on your own?

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Wiki User
2015-07-15 21:38:40

Usually when you turn 23, 24 or 25, depending on what the

contract says.

If you are on your parent's insurance and are going to college

full time then you will be covered until you graduate. Once you

graduate check with a local insurance agent to see about obtaining

insurance for yourself the day after you graduate.

You generally have a small grace period (30 days is typical)

after you graduate from college assuming you did not already reach

some other qualifying event like age as referenced above or failure

to maintain full-time status. Also, if your parents insurance is

individual coverage and not group coverage, you may have that same

30 days to convert to your own individual coverage on the same plan

without any medical underwriting at all. Basically you just tell

them to move you to your own plan. Insurance companies don't like

to tell you this because they want the opportunity to decide if

they want to cover you or not. Check your parent's plan carefully

for this guaranteed coverage option.

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